Nike and Adidas to Trump: Tariffs on shoes would be 'catastrophic'

  • 📰 CNN
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 95%

United States Headlines News

United States Latest News,United States Headlines

Proposed tariffs on imported shoes from China 'will have an immediate and long-lasting effect' on Americans, a coalition of more than 170 footwear companies including Nike, Adidas, Under Armour and Foot Locker said in a letter to President Trump

New York Nike, Adidas, Under Armour, Foot Locker and other sneaker brands and retailers told President Donald Trump on Monday that proposed tariffs on imported shoes from China would be"catastrophic" for American consumers.

"Any action taken to increase duties on Chinese footwear will have an immediate and long-lasting effect on American individuals and families," a coalition of more than 170 footwear companies said in a letter to Trump."It will also threaten the very economic viability of many companies in our industry."US importers stuck with Trump's latest China tariffs The letter was posted on the website for the Footwear Distributors and Retailers of America, an industry trade group.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Trump will not help them to fight illegal and fake goods since they support china in the trade war. Nike and adidas got played by the Chinese gov.

MagicMark9 Yes.

The Black Community definitely will be affected by this measure! Who else buys this stupid shoes in massive amount? The Ghetto is going to crumble when there is a shortage of Nike shoes!

Buy American is the dumbest talking point there is ..your coffee is not even American 😂

move your factories to allied countries... Peru, one of them!

He could read?

fakenewscnn - shilling for the Chinese again....

Tariffs are on the whole sale prices- the consumer won’t see much of a price increase. Products are marked up so high that the stores can keep prices stable. Just wait for a sale.

LOL.

Wait, I thought we didn't allow them to have these jobs because they weren't paid enough. Better to not have a job at all than to be paid less than what people on the other side of the world make.

All billion dollar companies

Oh no!! Make them in America

Maybe Nike, Adidas, & others should bring their manufacturing corps within US borders. Just sayin’ 😏

Good

Let's not put all are eggs in the China basket. We can make shoes anywhere.

CNN is right-we cannot and should not make our own shoes in the US. Trump is a crazy fascist for trying this approach! Americans should just pay welfare to people so that they can sit around, get fat and stupid.

These companies should start making they’re product in America. Problem solved !!

Hey, shoe companies why don't you help us vote Trump out of office? Or do you only care about profits and not the country? Let this be a lesson when you give your hard earned money to those benefiting from the tax break. They care about profits & not every day people.

Trump doesn't care about anyone but himself nike adidas

Some Companies have sold their souls to China. Wake up America.

A stike against slave labor! We should all boycott those companies. Huge profits on the backs of virtual slaves.

make em in America then

Why not just call all these companies “patriots” and pressure them into silence like they did farmers?

HE DOESN'T CARE WHO GETS THE SHAFT!!! HE'S FOR HIMSELF.

Perhaps move your operations to the US

All those shoes are made by children or oppressed people.

Trump only wears Italian made shoes

The following phrase WAS made in America: “The customer is always right.” Don’t forget it! 👍🏾🇺🇸👌🏾

There shoes suck fall apart within a month

Lucky I bought some new ones recently on sale ☘️

Crap! Why pay $200 for a pair of shoes that cost $9 to make by a 12 year old?

So what tennis shoes are made here it would be a great plug for that company wake up and vote let’s change the agenda vote

Problem is Trump has limited, if any business sense. Also it is doubtful he has read anything and so much more than short sentences are wasted on him!

Oh please, blaablaa

So maybe that won’t make 500% margin on a pair of shoes.

Oh well let’s see who you people vote on 2020

Jack it up!

So those cheaply made shoes and then pumped up to 10 times what it cost is gonna hurt who ?

Adidas has a future with their new 3D printed shoes, Nike on the other hand is absolutely screwed if they keep relying on these sweatshop workers.

Not many workboot companies on that list...

Just buy New Balance

So what, tired of China screwing us, bring back jobs to Americans

One of the smart shoe makers will make them in the USA.

So they gave him the answers he was looking for....

Catastrophic? It's just freaking shoes, liberals. You guys are hilarious!

buyAmerican

Too bad Trump has never worn athletic shoes.

Good that’s what they get for putting profits before people and also thank the Democrats for their dumb taxes in corporations and businesses as well as stupid trade deals. MAGA 🇺🇸

Make them here then

Buy American?

Well their 6 billion they made from their last campaign should. Carry them through. You know believe in something even if means losing everything. Or are those just words nike?

But not these! Ivanka doesn’t pay tariffs!

Pay for suppliers , Nike Addidas credit period 6 months to manufactures.

Stop manufacturing in China.

Time for some “Made in USA” shoes:

C’mon guys.......MAGA should be here any day now !

Sounds like we need some shoe factories ?

I don’t buy those shoes on account I’m not a professional athlete... Won’t effect me one bit Shoes were over priced to begin with, what was your excuse before?

What are the AMERICAN shoes ?

Whaaaaa,boo hoo.

I smell something and it isn’t a shoe.

I'm not interested made in China, it's garbage. China steal the island in west Philippine sea, and steal U.S. technologies. China manufacturer of illegal drugs sell it to Mexico, Canada, U.S. and Phils, why America make business to thieve like China.

That's cute that they think Donald cares about Americans

I say we all stop spending until his trade war is over, he knew we would be paying for this not only will he bankrupt America he is gonna bankrupt all Americans

Guess they will think twice in 2020 😂😂😂 Things change when you mess with an organization’s income 😂😂😂

America is well equipped to make anything we like. Cheap labor over there. Pay & set up shops here. Companies.

you mean to tell me that these show company charge $70-$200 for their shows, made in China, using cheaper materials, put together by workers being paid less than minimum wage and they are upset about tariffs You could always have your product made in America

Ohhhhh...cuz WE ALL know making profit is tremendously more important than doing the right thing.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Most Women's World Cup teams have their own uniforms for the first time, but Adidas won't sell some of the countries in men's sizesUnlike Adidas, Nike will have men's versions of the Women's World Cup jerseys.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The World's Largest Apparel Companies 2019: Dior Remains On Top, Lululemon And Foot Locker Gain GroundWhile luxury fashion empire Christian Dior has easily held onto its spot as the world's largest company focused on clothing, shoes and accessories, a number of apparel retailers are catching up on this year's Global2000 list
Source: Forbes - 🏆 394. / 53 Read more »

Nike to Change Pregnancy Policy in Athlete ContractsNike Inc. said it is adding language to new contracts for female athletes that will protect their pay during pregnancy, after coming under fire for cutting compensation for some athletes. Nike pregnant runners should get an increase in pay instead of a reduction in pay. I wonder why this country is still discriminating against women? Really The world is unfair.
Source: WSJ - 🏆 98. / 63 Read more »

Nike says it is changing contracts to protect star athletes' pay during pregnancyThe move comes after star runner Alysia Montaño's May 12 op-ed in the New York Times in which she detailed her experiences with Nike.
Source: CNBC - 🏆 12. / 72 Read more »

Nike to change pregnancy policy in athlete contracts after backlashAfter a group of female track stars alleged they were penalized by Nike for being pregnant, the company said it would do more to protect female athletes' pay during and after pregnancy. Do more? Hmmm...how about 'do enough.'
Source: ABC - 🏆 471. / 51 Read more »

A little-known running sneaker is exploding in popularity, and boosting Ugg-owner DeckersRapper Kanye West — who boasts his own line of Yeezy shoes by Adidas — was recently spotted wearing a Hoka boot. “Exploding”! LOL. Nike better look out!
Source: CNBC - 🏆 12. / 72 Read more »

Olympian Alysia Montaño’s fight for equality in pro sports'We are the gender that is able to bear children. And at the end of the day, when we look at contracts, we need to be sure that we have specific wording and verbiage in place that we are a protected class,' Olympian Alysia Montaño says More Dem Media gender exploitation dividing our nation. To the point-Time for the “Good Ol’Boy” system to DIE! But “transgender” men competing in women’s competition is applauded by the very same people.
Source: MSNBC - 🏆 469. / 51 Read more »

51 stores that offer military discounts all year long — including Under Armour, Nike, and L.L.BeanThese 50+ stores offer year-round special discounts to military veterans and active-duty members of the US Armed Forces.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Western Companies Get Tangled in China’s Muslim ClampdownKraft Heinz, Adidas and Gap are among the companies whose supply chains run through Xinjiang, where China is cracking down on its largely Muslim population. Many residents must go through mandatory job-training programs that include political messaging. What exactly is the wrong thing China is making a huge mistake. China will pay an enormous price for crimes against humanity in Xinjiang. So all leftist snob nose companies are actually worse then they claim trump is. By having their goods made in China they support the torture and the destruction of Muslim faith in China.
Source: WSJ - 🏆 98. / 63 Read more »

Trump lifts tariffs on Mexico, Canada, delays auto tariffs'We've just reached an agreement with Canada and Mexico and will be selling our product into those countries without the imposition of tariffs' US President Donald Trump Joker Amero geliyor...
Source: trtworld - 🏆 101. / 63 Read more »

Toyota says Trump's latest tariff threat shows Japanese investments in US 'not welcomed'The company's comments Friday come after the White House said U.S.Trade Representative Robert Lighthizer will 'address the threatened impairment' of national security from auto imports. Yup Local manufacturing. Dumb comment. It means US will not accept unfair trade practices and will protect intellectual property rights
Source: CNBC - 🏆 12. / 72 Read more »